The not-really-the-happiest place on earth right now.

(Burbank, CA) — Disney is set to begin layoffs this week. According to a memo sent by CEO Bob Iger, it’s the first of three rounds of cuts that will total about seven-thousand employees. The belt-tightening is part of a broader effort to trim corporate spending and streamline operations. The layoffs are expected to affect Disney’s media division along with parks and resorts and ESPN